![]() ![]() Passive Income in Canada: Earn $10.50/Day While You Sleepģ Top Canadian Stocks to Buy in September 2021 Get the report today for free!ġ1 Top TSX Stock Picks for September 2021ģ Under-$50 Canadian Dividend Stocks I’d Buy to Retire Early Our Stock Advisor Canada analysts have put together a special report with 5 of our favorite 5G stocks. The post Lightspeed Stock (TSX:LSPD): Should You Buy on Weakness? appeared first on The Motley Fool Canada. There often comes a time to tweak your holdings – and take some profits. ![]() We also knew that most stocks can’t go up in a straight line forever. We knew that tech stocks like Lightspeed were trading at lofty valuations. It’s a dramatic, yet not entirely unexpected situation. Lightspeed stock is really coming crashing down. This might very well be the time to lighten up on Lightspeed and tech stocks in general. ![]() There are others, like energy stocks, that are seeing big buying activity amidst rising oil and gas prices. I mean, other sectors/stocks are attractively valued. But what we can do is remove ourselves from this high-risk affair. As investors, it’s difficult to gauge the situation. It’s very possible that the accuser is just trying to set it up so that their short position works. This is a more difficult question to answer. When expectations that are priced into a stock get too optimistic, bad things happen. At a certain point, a company can’t live up to lofty expectations, no matter how amazing its business is. And they’re now trading at really lofty valuations. This makes sense, as many of these stocks have enjoyed out-of-this-world returns. We’re also seeing a rotation away from tech stocks in recent days/weeks. Motley Fool rec Lightspeed pos stock price Lightspeed is falling from incredible heights and it’s very difficult to call the bottom. And that’s after the stock got hit.Ĭertainly, there will be a time to buy, but that time is not now. Today, the stock trades at a lofty 50 times price to sales multiple. You can make a decision to wait for the dust to settle. Remember, doing nothing is an active decision. Attempting to catch a falling knife is dangerous. For those considering entering the stock on this weakness, beware. For those who are already invested, I would consider taking profits. Given the volatility, it’s time to question our position in Lightspeed (or lack thereof). Lightspeed’s stock price has had its big rally. They’ve gotten their hooks into Lightspeed. ![]() The bottom line is that according to a short-seller’s report, the revenue growth at Lightspeed is not what it seems. The accusations are bold – inaccuracies and mischaracterizations. When short-sellers go after a stock, things get rough. The issues dragging Lightspeed stock down run deep. So, should Motley Fool investors buy Lightspeed stock on weakness? Lightspeed pos stock gets killed Therefore, the question that we have to ask ourselves now is a different one. I mean, the stock has dropped 25% in the last week or so. Today, just a short week later, my angle has changed. When I first planned to write a Motley Fool article on Lightspeed stock, it was to consider whether it was too late to buy it. The company has seen rapid growth as it has benefitted from the boom in e-commerce during the pandemic. Its focus is on the restaurant and retail industry, which is severely lacking in its e-commerce channel. Lightspeed Commerce (TSX:LSPD) (NYSE:LSPD), formerly known as Lightspeed POS, is a software development tech company that offers omnichannel point of sale platform solutions. Written by Karen Thomas, MSc, CFA at The Motley Fool Canada ![]()
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